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Leo reads Manuscript

05.23.2005

Consider it indicative of the new era at Paramount that's willing to break a few eggs to make an omelete: The studio has dropped $4 million for the feature rights to the Robert Ludlum novel THE CHANCELLOR MANUSCRIPT. In addition to that hefty sum, the studio will pay Michael Seitzman $1 million to script the film for Leonardo DiCaprio to star. The story follows an author, Peter Chancellor, who writes a novel about blackmail in the US government. When government operatives get ahold of the manuscript for the fictional story, they believe that the writer has discovered what's actually going down and set out to stop him. The book was published in 1977 making it older than yours truly but Paramount isn't worried about dated Cold War references as they'll update the story to today's political climate. Clearly Paramount is itching for their own BOURNE IDENTITY-type thriller, another Ludlum-based hit based out of Universal. The deal was signed off on by new Paramount CEO Brad Grey who is producing the Martin Scorsese film THE DEPARTED (starring Leonardo DiCaprio) from his previous days as the head of production company Plan B. DiCaprio will also produce the film through his Appian Way production company.

Source: Variety

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